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Mortgage giants, Lehman and AIG face probe WASHINGTON

Mortgage giants, Lehman and AIG face probe WASHINGTON

This is a discussion on Mortgage giants, Lehman and AIG face probe WASHINGTON within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The Federal Housing Finance Agency, which regulates the government-sponsored mortgage companies, seized control of both companies earlier this month after ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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09-24-2008, 11:41 PM

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Mortgage giants, Lehman and AIG face probe WASHINGTON

The Federal Housing Finance Agency, which regulates the government-sponsored mortgage companies, seized control of both companies earlier this month after outside examiners found more accounting problems and said their capital cushion ...

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aig, face, giants, lehman, mortgage, probe, washington

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